Tenants are lined up for two new industrial warehouses that NorthPoint Development is building near Dayton International Airport, but one of the proposed tenants may be considering another location.
Brent Miles, vice president of economic development for Riverside, Mo.-based NorthPoint, told trustees of the Dayton-Montgomery County Airport Port Authority that tenants for two new buildings near the airport are lined up, but there is “competition” for one of the users, according to meeting minutes from the trustees meeting in July.
The minutes provide a clearer picture of the ongoing development happening near the airport. In all, NorthPoint has built or is building four industrial buildings near the airport and has an option on 112 acres of land in the area for a possible fifth facility.
Of the two newer buildings, one is a 700,000-square-foot Class A industrial warehouse found on 70 acres at Peters Pike and Lightner Road in Vandalia. Another is a 560,000-square-foot Class A industrial warehouse on 39.5 acres at Union AirPark Boulevard and Dog Leg Road, also in Vandalia.
According to the minutes, trustees for the Port Authority voted to approve the issuance and sale of $33 million of revenue bonds to support one of the buildings. Trustees also approved the sale of $25 million in bonds to support another NorthPoint building.
Miles did not return messages seeking comment. Possible tenants coming to the area have not been identified.
The Port Authority has supported other NorthPoint buildings in that area.
“Northern Montgomery County is a hotbed of development right now, especially around the airport,” Montgomery County Commissioner Debbie Lieberman told a Dayton Development Coalition forum last week.
Total development in the area has reached some $120 million in value with about 1,500 related jobs, she said.
NorthPoint’s first building near the airport is occupied by household and auto care goods company Spectrum Brand, and has about 325 full-time workers.